Discuss the internal and external measures of project success
What will be an ideal response?
The determinants of project success are the internal measures of time, cost, and performance and the external measure of client acceptance.
Time — Projects are constrained by a specified timeframe during which they must be completed; they are not supposed to continue indefinitely.
Cost — Projects must meet budgeted allowances in order to use resources as efficiently as possible.
Performance — Projects are developed in order to adhere to some initially determined technical specifications. Performance measurement means determining whether the finished product operates according to specifications.
Client acceptance — Projects are developed with customers in mind; their purpose is to satisfy customers' needs. If the completed project meets all internal criteria but does not satisfy the customer, then the project has not been a complete success.
You might also like to view...
A ________ strategy targets customers who have not yet purchased the product or service
A) market formation B) market penetration C) market modification D) market development
In the hospitality field, quality and value can only be defined by ______.
a. The organization b. The economy c. The culture d. The guest
Under a job order costing system, the dollar amount of the entry involved in the transfer of goods from work in process to finished goods is the total of the costs charged to all jobs
a. started during the period. b. completed and sold during the period. c. completed during the period. d. started and completed during the period.
Based on the statute of frauds, which of the following contracts is orally enforceable?
A) a contract by the administrator of Harold's estate to personally pay Harold's outstanding debt if the estate cannot B) a contract by an athlete to endorse a company's products for three years C) a contract between two parties to sell goods worth $5,000 D) a contract to provide medical help to a person till the person dies